4th Circ. Backs Ace Win In $26M Construction Coverage Row

Law360, Los Angeles (December 16, 2013, 8:26 PM EST) -- The Fourth Circuit affirmed the granting of summary judgment for Ace American Insurance Co. in a $26 million insurance battle, holding Monday that the plaintiff violated its policies by not obtaining consent before settling an underlying dispute over damage caused during a hotel construction.

The plaintiff, a joint venture between Perini Building Co. and Turner Construction Co., sued Ace in 2010, claiming coverage under primary and excess insurance policies for the collapse of a glass roof atrium, part of a large-scale $900 million hotel construction project...
To view the full article, register now.